Not much interest on our property, thoughts please!

getmore4less

HTB thow's a big spanner in the works when there are new builds about.

It give people so much more buying power,

lower rate unless they have big deposits.
20% interest free for 5 years.

£175k will be up around £220k+ with HTB

Crashy_Time

TallGirl wrote: »

I think your house is lovely and it’s only been three weeks however you’ve made the mistake in committing to your next house before selling this. I bought a new build 25 years ago but we stretched ourselves to get a three bed (actually added the box room to the main bedroom) to get the extra space needed as a two bed as they were so tiny.

18 months is new but not new as people say but you don’t always loose on new builds obviously if you hang onto them. We stayed in our 2/3 bed and extended over the garage making it a small 4 bed. It sold within a month of going on the market so someone who loved the area. I took a £20k cut as I wanted a quick sale. I could have awaited and got more due to the uniqueness of the location but there’s far better value close by so it could have been a long wait. If people want to stay in your village they’ll find your house but be prepared to wait.

Good luck but maybe try and get out of the new build just for now if you can’t drop the price. There will be other houses.

You benefited from the biggest property/debt bubble in history, people who have over-paid for new-builds in recent years won`t benefit from this. The market is also distorted by HTB, which is just a scheme to keep big builders afloat by encouraging people to borrow more than they should.

markin

Living Room Photos are a lot better, You should at least mention the shed at the side.

Crashy_Time

Realistically you should be starting at 150k IMO.

diggingdude

Crashy_Time wrote: »

Realistically you should be starting at 150k IMO.

You might wan't to ignore this. Crashy only has £1.50 to spend

Marine_life

I think you can't underestimate the value of a good agent.

We recently sold our property and had it on the market for just 5 days. Potentially we underpriced it but because we priced it keenly we were able to achieve the asking price. According to our agent, the days when people took big chunks off the asking price are gone with millennials especially less willing to negotiate. So getting the price right is key - you need the footfall.

Secondly, what is your position with the new build - does your developer know that you need to sell before you buy? They will frequently be prepared to "share the pain" rather than lose a sale. Or perhaps they offer part exchange?

getmore4less

The OP said another small development.

Builders probably have a very good idea what the market will take and won't share the pain with a vendor that is not realistic on their asking price.

Vicki1990

Yes they know we need to sell and have been given quite a long time period to do so. I think most people buying on the development are in the same position as us.

Crashy_Time

diggingdude wrote: »

You might wan't to ignore this. Crashy only has £1.50 to spend

Back to shuffling photos it is then........

getmore4less

And now on with a real agent.

I can't remember what we compared, is this a new SSTC?

3 bed asking £180k been on a long time SSTC one to watch for actual sale price.
(the streetview is wrong actual address 41 Prescott Cottages Prescott Road Prescott Baschurch Shrewsbury Shropshire SY4 2DR)

http://www.shepherdscottageshropshire.co.uk/